IREIT Global reports 8.9% decline in DPU for 1Q 2017

Singapore-listed IREIT Global announced on 11 May that it has achieved a DPU of 1.44 Singapore cents for its 1Q 2017, a decline of 8.9% compared to the 1.58 cents achieved in the corresponding period of 2016.

Gross revenue for the period slid by 0.4% to EUR8.7 million (SGD9.46 million) although net property income (NPI) increased by 3.5% to EUR7.8 million.

Correspondingly income to be distributed to unitholders came in EUR5.8 million, 8.7% lower from what was issued in 1Q 2016.

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